March 3, 2023
By Nicole Heslip
Michigan farmers have voted to continue the Corn Marketing Program of Michigan for the next five years. Vice President Scott Miller of Elsie tells Brownfield, “This renewal was the highest percentage of bushels in favor of it so apparently we’re going in the right direction with our growers—they want to continue it.” He’s most excited […]
October 1, 2021
By John Perkins
Soybeans were lower on fund and technical selling, also closing lower for the week. Contracts followed through on the losses after Thursday’s bearish USDA quarterly grain stocks numbers. Still, that increase in supply is tempered by reports of mixed yields in some key growing areas. Chinese demand is a question mark, with some crush facilities […]
September 28, 2021
By John Perkins
Soybeans were lower on fund and technical selling, in addition to spillover from the outside markets. The U.S. harvest is slightly ahead of average, with limited rain delays in the near-term forecast. Yields in some areas have been lower than expected, but it is early. The USDA’s next set of supply, demand, and production numbers […]
April 6, 2021
By Mark Dorenkamp
The CEO of the Renewable Fuels Association says it was this time last year when the pandemic pulled the rug out from underneath the ethanol industry. And 12 months later, Geoff Cooper tells Brownfield plants seem to be turning the corner. “It was at this time a year ago when we were sort of at […]
February 24, 2021
By John Perkins
U.S. ethanol production saw its largest week to week decline on record because of weather.The U.S. Energy Information Administration says production averaged 658,000 barrels a day, a drop of 253,000 on the week and the lowest average since May of 2020 as some plants cut back or idled production because of bitterly cold conditions and […]
December 11, 2020
By admin
Ethanol demand is falling again as the coronavirus surge reduces travel. Scott Richman, chief economist for the Renewable Fuels Association, says gasoline and ethanol consumption has fallen to its lowest point since May. “The last two to three weeks have been pretty troubling,” Richman says. “The amount of implied gasoline demand has really fallen to […]
November 13, 2020
By John Perkins
Soybeans were modestly higher on short covering and technical buying, ending the week with strong post-USDA report gains, with the most active months shooting more than $.40 higher. Most forecasts have more rain headed for Brazil and moderate precipitation in Argentina over the next week, but large parts of South America remain in a moisture […]
October 27, 2020
By admin
California-based Pacific Ethanol says it is realigning its business and changing its name to reflect its new focus on specialty alcohols used in sanitizers and alcoholic beverages. The company says it will still produce some ethanol, but transportation fuels will no longer be its primary focus. Pacific’s transition is already underway. It is now producing […]
